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Must the lender set up Parent PLUS loans that have two different interest rates with one repayment schedule?

April 26, 2017different interest rates Lender Loans parent Plus repayment schedule

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Must the lender set up Parent PLUS loans that have two different interest rates with one repayment schedule?

1 Answer

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10 Posted

The HEA states that all like loans should be treated as one, to the extent practicable. Therefore, the lender is not required to combine all payments if it is not possible to do so.